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Home Central America COSTA RICA

Costa Rica and the UAE Forge Historic CEPA Agreement, marking a milestone in their bilateral economic relations.

Stefanno Martin by Stefanno Martin
February 8, 2025
in BUSINESS, COSTA RICA
Reading Time: 4 mins read
0
Costa Rica and the UAE Forge Historic CEPA Agreement, marking a milestone in their bilateral economic relations.

UAE-Dubai 6/Feb.2025: In a landmark development for global trade relations, Costa Rica and the United Arab Emirates (UAE) have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a historic milestone in their bilateral economic ties. This agreement, finalized with the exchange of instruments of ratification, holds vast potential for both nations and the global economy at large.

The agreement is expected to unlock new opportunities in trade, investment, and innovation, particularly in strategic sectors such as digital services, renewable energy, tourism, and advanced manufacturing. These sectors will drive the diversification and long-term growth of both nations’ economies.

The CEPA prioritizes sectors where both Costa Rica and the UAE hold strong potential and shared ambitions. In digital services, the UAE’s thriving tech sector, combined with Costa Rica’s growing innovation ecosystem, creates a promising partnership. Both countries recognize the critical role of digital transformation and innovation in fueling economic development.

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Stefanno Martin

Stefanno Martin

Co-Editor of Latin & Gulf News. Since beginning my journey in journalism in 2004, I’ve dedicated my career to exploring and reporting on the evolving relationship between Latin America and the Gulf region. Through my work, I aim to connect cultures, highlight business opportunities, and share the stories that shape our shared future.

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